Tuesday , October 16 2018

Asia

India begins work on $2.59bn airport in Maharashtra

The airport is being developed by City Industrial Development Corporation (CIDCO) in collaboration with GVK Power and Infrastructure (GVKPIL). Last month, GVKPIL signed the concession agreement with CIDCO to establish a special purpose vehicle (SPV) known as Navi Mumbai International Airport (NMIAL), which will be responsible for building the new ...

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GVK signs concession agreement for Navi Mumbai airport

GVK Power and Infrastructure Limited has signed a concession agreement with City and Industrial Development Corporation (Cidco) to create a special purpose vehicle (SPV) for developing the long-delayed Navi Mumbai International Airport. In the SPV–Navi Mumbai International Airport Limited (NMIAL)–Mumbai International Airport Limited (MIAL) holds 74% stake and Cidco holds ...

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